Triumph Capital Management Purchases 3,770 Shares of KKR & Co. Inc. (NYSE:KKR)

Triumph Capital Management raised its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 104.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,370 shares of the asset manager's stock after buying an additional 3,770 shares during the quarter. Triumph Capital Management's holdings in KKR & Co. Inc. were worth $852,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in KKR. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $34,000. Mountain Hill Investment Partners Corp. acquired a new stake in KKR & Co. Inc. in the first quarter valued at approximately $38,000. Finally, GW&K Investment Management LLC grew its position in KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after acquiring an additional 111 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KKR shares. Piper Sandler initiated coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 price target for the company. Evercore ISI increased their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. JMP Securities reaffirmed a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Barclays raised their target price on KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Citigroup cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus target price of $154.33.

KKR & Co. Inc. Trading Up 1.4%

Shares of KKR stock traded up $2.10 on Thursday, reaching $150.36. The company had a trading volume of 4,132,893 shares, compared to its average volume of 5,078,161. The stock has a market cap of $133.91 billion, a PE ratio of 63.44, a PEG ratio of 1.62 and a beta of 1.88. The company has a 50-day moving average of $129.32 and a 200-day moving average of $128.26. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business's quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. On average, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.185 per share. This represents a yield of 0.64%. The ex-dividend date was Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Insider Activity

In related news, Director Timothy R. Barakett purchased 35,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the purchase, the director owned 185,000 shares in the company, valued at $21,815,200. This represents a 23.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Company insiders own 39.34% of the company's stock.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.